Fundamental OverviewLast Friday, the PBoC announced new easing measures which included further rate cuts and stock buyback funding. Moreover, we got some positive economic data with Retail Sales and Industrial Production beating expectations by a big margin. These catalysts provided support for copper which erased most of last week’s losses.Copper Technical Analysis – Daily TimeframeOn the daily chart, we can see that copper bounced around the 4.32 support zone where we had also the 61.8% Fibonacci retracement level for confluence. This is where the buyers stepped in and then increased the bullish bets following the new easing measures announcement from the PBoC. The sellers will want to see
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